Home/Economy/Russian Imports to Georgia Have Increased This Year and Exports from Georgia to Russia Dropped

Russian Imports to Georgia Have Increased This Year and Exports from Georgia to Russia Dropped

December 2, 20151,211 Views

Russian imports to Georgia have increased this year while exports from Georgia to Russia fell sharply.

According to the Statistics Office of Georgia Geostat, products worth over $467 million were imported from Russia to Georgia over the past 10 months, that is 30 million dollars more than in the same period of 2014.

With regards to Georgian export to Russia, it amounted to $126 million dollars which is 107 million less than last year’s figure.

Lack of local production is named as the number one reason for the increase in demand for Russian products

“The amount of products manufactured in Georgia is negligible. Local production is not enough to cover the needs of the population,” says the President of Georgian Quality Foundation Grigol Kunchulia.

Madona Koidze, Chairperson of Georgian Consumer Federation, believes that a better communication between the population and local producers is needed in order to work toward substituting Russian imports with local production.